Citibank Job Vacancy for an Anti-Money Laundering Compliance Officer

Citibank Nigeria Limited, the leading global financial services company, provides consumers, corporations, governments and institutions with a broad range of financial products and services.Citibank is recruiting to fill the position below:

A key individual responsible for developing and maintaining a robust AML control environment in the franchise, coordinating, monitoring and advising on compliance with business, global, regional, and local AML policies, procedures, and requirements.

Being an AMLCO requires one to exercise sound judgment, strong influencing skills, technical expertise and leadership in fulfilling these responsibilities.

This role will also entail general compliance responsibilities including but not limited to ensuring that Citibank Nigeria Limited is in compliance with Sanctions and Anti-Bribery and Corruption standards and related regulations.

Act as backup to CCCO.

Job Background/Context

Citi has launched various initiatives to further strengthen the culture of Compliance and AML across all lines of business and jurisdictions in which it operates.

BAU activities as well as new initiatives create a significant body of work requiring close coordination and integration between Compliance and all the key stakeholders in the Business and support functions.

Providing prompt and effective compliance guidance on regulatory and policy matters to the business units to ensure regulatory and reputational sound deals, thus assisting the business to meet revenue target and minimize regulatory penalties.

Key Responsibilities

Assess the impact of key regulatory developments, sanctions and industry best practices on current policies/standards/procedures, ensuring that any necessary changes are properly implemented within the Business.

Develop, review policies and procedures relating to all aspects of Anti-Money Laundering and Counter Terrorist Finance, Sanctions and Anti-Bribery and Corruption activity.

Work closely with the Business (Corporate and Investment Banking, Treasury and Trade Solutions and Markets) and other key stakeholders such as Operations and Technology to identify and mitigate the risks associated with existing and new business with emphasis on higher risk customers and transactions.

Respond to Sanctions, Anti-Bribery and Corruption and other relevant escalations and investigations.

Attend and where necessary, lead AML related customer interactions.

Liaison with the Internal Auditors on AML Compliance matters.

Contribute to a “no surprise” compliance culture by developing and delivering face-to-face, tailored compliance training programmes to new hires, transfers and existing staff.

Ensure all Compliance reviews/reports (daily, weekly, monthly, quarterly, semi-annual and annual) are being performed timely, are adequate and appropriately documented.

Escalate and report AML/other relevant compliance issues to Governance Committees and ensure that Senior Management is fully informed of significant compliance issues as well as the plans for resolution.

Provide expert advice to the business on the organization's AML specific requirements as well as legal or regulatory requirements

Exceptional candidates who do not meet these criteria may be considered for the role provided they have the necessary skills and experience.

Valuing Diversity: Demonstrates an appreciation of a diverse workforce. Appreciates differences in style or perspective and uses differences to add value to decisions or actions and organisational success.